It's
typical Obama. It's largely old wine in new bottles. It's more
duplicitous than real. Rhetoric belies policy. He does it every time.
His credibility's sorely lacking. He's a serial liar. It remains
to be seen what follows.

"I made clear in my State of the Union address that my Administration
is committed to reducing carbon pollution that causes climate change,
preparing our communities for the consequences of climate change, and
speeding the transition to more sustainable sources of energy."

"By the authority vested in me as President by the Constitution
and the laws of the United States of America, and in order to reduce
power plant carbon pollution, building on actions already underway in
States and the power sector, I hereby direct the following:"

c. Development of Standards, Regulations, or Guidelines for Power
Plants

Sec. 2. General Provisions."

In 2009, Obama promoted cap and trade. It wasn't enacted. Perhaps
he plans a new version. His earlier one was a stealth scheme. It permitted
pollution, speculative trading and fraud.

It had nothing to do with clean energy, achieving energy independence,
and improving climate conditions beneficially. It was about letting
corporate polluters reap huge windfall profits.

At issue was higher energy and fuel prices. It was about speculative
carbon derivatives trading. It was about manipulating markets for profit.
It passed the House. It died in the Senate. It wasn't addressed.

Polluters loved it. So did and corporate-friendly environmental groups.
At the time, Friends of the Earth president Brent Blackwelder took issue.

He said corporate polluters Shell and Duke Energy wrote the bill.
What benefits them harms everyone except other profiteers.

Public Citizen called the bill a new way to pollute. It solved nothing
environmentally. It benefitted powerful, oil, coal and nuclear interests.

Carbon trading's a scam. In the 1980s, it was promoted. Clinton made
it a key 1997 Kyoto Protocol provision. He signed it in 1998. It wasn't
ratified.

Obama's so-called 2009 American Clean Energy and Security Act was
about profits writ large, not environmental protection. Its emissions
reduction targets were too weak. They encouraged pollution. They created
new profit centers to do it.

Wall Street stood to benefit hugely. Enactment would have created
a speculative carbon derivatives trading bonanza. Estimates ranged between
$2 - 10 trillion in five years.

At the time, Clinton's Undersecretary of Commerce Robert J. Shapiro
said:

"We are on the verge of creating a new trillion dollar market
(through) financial assets that will be securitized, derivatized, and
speculated by Wall Street like the mortgage-backed securities market."

Solari Investment Advisory Services' Catherine Austin Fitts said:

"(H)old on to your hat. Carbon trading (enactment will) make
the housing and derivative bubbles look like target practice."

Other critics called it a scam. The great American bubble machine
found another one. Resurrecting it may be planned.

Tyson Slocum heads Public Citizen's energy program. On
June 25, he headlined "Obama's Climate Plan: The Good, The Bad,
and the Ugly."

It's hard finding anything good Obama promotes. Throughout his tenure,
he did more harm to more people globally than most of his predecessors
combined.

He has lots more life-destroying plans in mind. He's by far America's
worst president. He menaces humanity like no one else.

Slocum hopes he'll "rewrite rules for new plants (the old standard, which just
passed its deadline in April, essentially blocked new coal power plants,
so there's a strong chance the rewrite will weaken the original standard)
and develop rules over all existing power plants."

At issue is will policy match his rhetoric. His record
suggests otherwise. Don't bet he'll change now. His initiative builds
on auto tailpipe standards.

"The downside," said Slocum, "is that
the late 2015 final rule date is far off in the future, and will be
wrought with lengthy legal challenges, lending an awful lot of uncertainty
to the outcome."

His plan includes renewable targets and efficiency
on federal land, other government operations, in military ones, and
in Washington-assisted housing.

The "bad," says Slocum, includes no mention
"of using a uniform, strong climate change impact assessment under
the National Environmental Policy Act, which would require the costs
and impacts of GHG (greenhouse gas emissions) in every federal environmental
impact statement."

They're in six states. They include waterways and
the Oballala Aquifer. It's one of the world's largest. In America, it
supplies about 30% of the nation's irrigation ground water.

Friends of the Earth says Keystone XL "will
carry one of the world's dirtiest fuels: tar sands oil." Its route
"could devastate ecosystems and pollute water sources, and would
jeopardize public health."